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    Twitter Is Now Oversold

    Wochit Headline News

    by Wochit Headline News

    According to the Wall Street Journal, investors and employees are now allowed to sell stakes for the first time since the company went public six months ago, with more than 400 million shares unlocked. Twitter shares are lower by almost 14% this afternoon. Twitter entered into oversold territory in trading on Tuesday, hitting a Relative Strength Index or RSI reading of 26.2, after changing hands as low as $34.00 per share. By comparison, the current RSI reading of the S&P 500 is 54.6.